Mining Chemicals - Global Market Outlook (2016-2022)

According to Stratistics MRC, the Global Mining Chemicals Market accounted for $22.17 billion in 2015 and expected to reach $34.39 billion growing at a CAGR of 6.5% during the forecast period of 2015 to 2022. The lessening ore quality has bound metal extraction companies to use flocculants, frothers, collectors, grinding aids and solvent extract ants for better extraction. Increasing applications of metal in packaging, construction and oil & gas industries in fast growing economies has led to an increase in mining activities, in addition to this the growing population and urbanization is driving the market growth. But high cost of production had given major setback and restrained the market growth.

Grinding aids segment accounted for the largest revenue owing to their increasing use in inducing floatability of ore which enables easier metal extraction. Moreover, flocculants are expected to be the fastest growing due to an increase in waste water treatment. Asia Pacific is estimated to be the fastest growing market owing to the rising incidents of mining activities in the region.

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